Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

Read more about Shared ownership (Opens in new window)

Galley Hill, 2-3 bed homes


Stokesley Road, Guisborough, Redcar and Cleveland, TS14 8HA

Shared ownership

Starting prices

25% share from
£36,250
Full price
£145,000
Minimum deposit
£1,813
Monthly rent
£282

Overview

Now available! We are offering a number of 2 and 3 bedroom homes at an exclusive Taylor Wimpey development in the picturesque market town of Guisborough.

Contact our Sales Team today and register your interest.


Local area information

he Galley Hill development is located in the historic market town of Guisborough which is home to an excellent choice of well known shops, bars and restaurants whilst the ruins of Guisborough Priory provides a stunning back drop to the town centre.

Young families will have a choice of well regarded schools - Galley Hill Primary is just down the road, and was rated 'outstanding' in its most recent Ofsted report. The development is also ideally positioned for commuters, with the A19 easily accessible. Whilst Durham Tees Valley Airport is ideally positioned for a quick getaway to foreign shores.


Plot availability

Plot number The Canford
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £36,250
Full market price £145,000
Monthly rent £277
Ownership Leasehold

As part of our Shared Ownership scheme, this home is available to purchase from a 25% share of £36,250 and a deposit as little as £1,813!

Aimed to help lower income, first time buyers, Shared Ownership is a faster way to get onto the property ladder. With only a small deposit required, you can kick start your journey to home ownership through our part buy, part rent process where you will be required to buy a share of your home, between 25% - 75%, while paying rent on the remaining share.

The Galley Hill development is located in the historic market town of Guisborough which is home to an excellent choice of well known shops, bars and restaurants whilst the ruins of Guisborough Priory provides a stunning back drop to the town centre.

Young families will have a choice of well regarded schools - Galley Hill Primary is just down the road, and was rated 'outstanding' in its most recent Ofsted report. The development is also ideally positioned for commuters, with the A19 easily accessible. Whilst Durham Tees Valley Airport is ideally positioned for a quick getaway to foreign shores.

This superb location, combined with the fabulous choice of new homes, makes Galley Hill the perfect place for your first or next move.

This 2 bedroom home is perfect for those looking to get onto the housing ladder and is suitable for singles, couples and families a like.

The Canford home features:

  • Open plan living and dining area
  • Fitted kitchen
  • Under stairs storage
  • Downstairs w/c
  • Patio doors leading from the living room onto the rear garden
  •  Two double bedrooms 
  • Upstairs storage cupboard
  • Family bathroom

Estimated monthly finances on a Canford:

  • 25% share:£36,250
  • 5% deposit: £1,813
  • Total rent (pcm): £277

*Please note photography is for illustration purposes. Share offered is dependant on individual financial situation and may differ from those shown. 5% typical deposit required by mortgage lender, when mortgage is required. Actual deposit may vary based on lender and personal circumstances.


FAQ's

Min share price from: £36,250 for a 25% share
Full price from: £145,000
Minimum deposit from: £1,813
Monthly rent from: £277
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £36,250 for a 25% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Thirteen
Shared ownership

Starting prices

25% share from
£36,250
Full price
£145,000
Minimum deposit
£1,813
Monthly rent
£282